NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating the Board of
Directors of CMS Bancorp, Inc. (NASDAQ:CMSB) for possible breaches of
fiduciary duty and other violations of law by failing to adequately shop
CMS Bancorp to maximize shareholder value before agreeing to be acquired
by Putnam County Savings Bank.

Under the terms of the proposed transaction, shareholders will receive
$13.25 in cash for each share of CMS Bancorp they own. The proposed
transaction is valued at approximately $25.4 million. The investigation
relates to whether the proposal for $13.25 in cash is fair to public
shareholders and whether CMS Bancorp’s Board breached its fiduciary
duties in connection with the proposed sale.